Latest news with #ReNewEnergyGlobal
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6 days ago
- Business
- Yahoo
ReNew Energy Global PLC (RNW) to Report Q4 Results: Wall Street Expects Earnings Growth
Wall Street expects a year-over-year increase in earnings on lower revenues when ReNew Energy Global PLC (RNW) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +250%. Revenues are expected to be $291.8 million, down 1.8% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For ReNew Energy Global, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +100%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that ReNew Energy Global will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that ReNew Energy Global would post a loss of $0.04 per share when it actually produced a loss of $0.11, delivering a surprise of -175%. Over the last four quarters, the company has beaten consensus EPS estimates just once. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. ReNew Energy Global appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ReNew Energy Global PLC (RNW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
19-05-2025
- Business
- Yahoo
ReNew to invest $2.5bn in Indian hybrid renewable energy
ReNew Energy Global has unveiled plans to invest Rs220bn ($2.5bn) in one of India's largest hybrid renewable energy projects. The project will be situated in the Anantapur district in the state of Andhra Pradesh and offer a generation capacity of roughly 2.8GW. The hybrid initiative will consist of 1.8 gigawatts peak of solar power and 1GW of wind power, complemented by a 2 gigawatt-hour (GWh) battery energy storage system (BESS). The project is poised to become one of the most extensive renewable energy complexes at a single location in India. Andhra Pradesh Minister for Information Technology Nara Lokesh laid the foundation stone for the project along with ReNew's founder, chairman and CEO Sumant Sinha. The initial phase will feature the establishment of 587 megawatts peak (MWp) of solar and 250MW of wind energy capacity, along with a 415 megawatt-hour BESS. Agreements for power purchases (PPAs) for the first phase have already been finalised, with additional capacity planned for future phases. The project aims to improve peak demand management through a substantial BESS, providing power for up to four peak hours each day. In line with the Make in India initiative, the project will employ 100% domestically produced solar panels sourced from ReNew's manufacturing facilities in Jaipur and Dholera. Solar tracking systems and waterless robotic cleaning for solar panels will be utilised to enhance generation and conserve water resources. ReNew currently manages a portfolio of 717MW of operational wind capacity and 60MW of solar capacity across ten locations in Andhra Pradesh. Lokesh stated: 'This project is directly aligned with Andhra Pradesh's integrated clean energy policy and contributes to India's 500GW non-fossil fuel goal by 2030. The project is a testament to Andhra Pradesh's resurgence as a national leader in clean energy. 'We are building not just capacity, but also credibility and global investor confidence. I commend ReNew for this project and would look forward to more such investments in the future.' The new initiative will create 1,500 direct and indirect jobs, aiding the state's ambitious renewable energy objectives. Sinha stated: 'The state of Andhra Pradesh presents an attractive mix of investor-friendly policies, excellent transmission connectivity and abundant availability of solar and wind resources. 'We are highly optimistic about developing large-scale renewable energy capacity in the state to contribute to the Honourable Prime Minister's commitment of achieving the target of 500GW of non-fossil fuel electricity generation capacity by the year 2030.' "ReNew to invest $2.5bn in Indian hybrid renewable energy" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
